Abound Financial LLC Buys New Shares in Tyler Technologies, Inc. $TYL

Abound Financial LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,791 shares of the technology company’s stock, valued at approximately $813,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TYL. Norges Bank bought a new position in shares of Tyler Technologies during the 4th quarter valued at $921,035,000. Van ECK Associates Corp grew its holdings in shares of Tyler Technologies by 43.2% during the 4th quarter. Van ECK Associates Corp now owns 1,217,306 shares of the technology company’s stock valued at $552,596,000 after purchasing an additional 367,203 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Tyler Technologies by 72.5% during the 3rd quarter. Wellington Management Group LLP now owns 600,776 shares of the technology company’s stock valued at $314,302,000 after purchasing an additional 252,488 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of Tyler Technologies during the 4th quarter valued at $106,740,000. Finally, Vanguard Group Inc. grew its holdings in shares of Tyler Technologies by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 5,805,036 shares of the technology company’s stock valued at $3,036,963,000 after purchasing an additional 234,916 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $289.49 on Tuesday. The firm has a market cap of $12.21 billion, a P/E ratio of 39.98, a P/E/G ratio of 1.99 and a beta of 0.83. Tyler Technologies, Inc. has a fifty-two week low of $283.71 and a fifty-two week high of $621.34. The firm has a 50-day simple moving average of $321.12 and a two-hundred day simple moving average of $370.35.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 29th. The technology company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $3.01 by $0.08. Tyler Technologies had a net margin of 13.26% and a return on equity of 10.74%. The firm had revenue of $613.50 million during the quarter, compared to analyst estimates of $608.66 million. During the same period in the previous year, the business posted $2.78 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Tyler Technologies has set its FY 2026 guidance at 12.500-12.750 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 10.02 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TYL shares. DA Davidson reissued a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. BTIG Research reissued a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a research report on Wednesday, June 10th. Cantor Fitzgerald increased their price target on shares of Tyler Technologies from $325.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Barclays increased their price target on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Finally, Truist Financial set a $440.00 price target on shares of Tyler Technologies in a research report on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $468.87.

Tyler Technologies Profile

Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.

Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.